Athos Capital Limited, a significant shareholder in Hipgnosis Songs Fund Limited, has disclosed its position in the company's relevant securities. As of 27 June 2024, Athos Capital Limited holds 0.62% of the ordinary shares, representing 7,480,031 securities. The disclosure also includes details of cash-settled derivative transactions, where a long position was reduced by 5,000,000 securities at a price of GBP 1.02 per unit.
The disclosure is in compliance with Rule 8.3 of the Takeover Code, which requires individuals or entities with interests in relevant securities representing 1% or more to make their positions public. The information provided by Athos Capital Limited offers transparency regarding its holdings and dealings in Hipgnosis Songs Fund Limited.
This disclosure provides valuable insights into the ownership and trading activities of a significant shareholder in Hipgnosis Songs Fund Limited, contributing to a better understanding of the company's shareholder landscape and market dynamics. It also serves as a regulatory requirement to ensure transparency and fairness in the securities market.